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online auction

   Also found in: Wikipedia, Hutchinson 0.03 sec.

online auction

Using the Web to match buyers and sellers around the globe. eBay pioneered the online auction in 1995, and Amazon.com, Yahoo! and others quickly followed. Priceline added a variation by asking buyers to name the price they want to pay and see if a seller will match it. See eBay, Amazon.com, priceline.com, sniping software and bid shielding.



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Online auction has become an integral part of Internet shopping.
For the first time, businesses can now add an online auction capability to their existing website for free.
Online Auction Industry Pioneer to Advise EXBV on a Wide Variety of Industry Issues
 
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